Abhinath Shinde recognizes the profound impact of these developments, stating, "UPI and digital payments are making cashless ...

India's Unified Payments Interface (UPI) has emerged as the world's most-used real-time digital payment system, powering over ...

India's digital payment landscape witnessed over 65,000 crore transactions amounting to more than Rs 12,000 lakh crore in the ...

The index has maintained a consistent upward trajectory since inception. It climbed from 153.47 in March 2019 to 207.84 in ...

India's digital payment landscape has witnessed a robust growth, with Unified Payments Interface (UPI) transactions leading the charge. December 2024 proved to be a record-breaking month for UPI ...

India’s Unified Payments Interface (UPI) has emerged as the world’s largest real-time payment system, surpassing global giants like Visa in the volume of daily transactions. As of now, UPI handles ...

As digital payment systems become more accessible, affordable, and secure, they will play an increasingly important role in promoting financial inclusion and driving economic growth.

Central Bank Digital Currency (CBDC): The Reserve Bank of India (RBI) is exploring the introduction of a digital rupee. A CBDC could provide a secure and efficient digital payment system, reducing ...

India's central bank expects to launch interoperability of digital payment systems for internet banking in 2024 to enable faster fund settlements for merchants, Governor Shaktikanta Das said on ...

Developed by the National Payments Corporation of India (NPCI), UPI has grown rapidly to become the backbone of India’s ...